Open Cloud MDM's Reference Data Management system is designed to centralize and streamline the management and governance of an enterprise's reference data. This system plays a pivotal role in standardizing reference data across the enterprise, enabling effective management and facilitating the mapping of different application-specific representations of this data within the organization. The governance of reference data through Open Cloud MDM emphasizes:

• Empowering business users to manage reference data directly.
• Reducing the workload on IT departments.
• Enhancing the overall quality of data utilized across various organizational facets.

The key functionalities of Open Cloud MDM Reference Data Management include:

• A role-based user interface equipped with robust security and access control features.
• Efficient management of reference data sets and their specific values.
• Administration of mappings between various reference data sets.
• The capability to import and export reference data using CSV and XML formats.
• Support for version control in reference data sets and maps.
• A change management process governed by configurable lifecycle management protocols.
• Advanced management of hierarchies within sets of reference data.

Understanding Reference Data

Reference data refers to the data used to categorize other data within an enterprise. Typically stored as code tables or lookup tables, examples of reference data include country codes, state codes, and gender codes. This type of data is integral to the functioning of enterprise applications, ranging from back-end systems to front-end commerce applications and extending to data warehouses. In the realm of business applications, business users interact with reference data through the code choices presented in the application's user interface pick-lists.